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Swiss Lindt buys US candy maker Russell Stover

(GENEVA, AP) — Swiss chocolate maker Lindt & Spruengli says it is buying U.S. manufacturer Russell Stover Candies, Inc., for an undisclosed sum.

Lindt CEO Ernst Tanner said Monday that the purchase provides “a unique opportunity for us to expand our North American chocolate business.” The company says the deal will make it the No. 3 chocolate manufacturer in North America.

Russell Stover, which also owns the Whitman’s brand, is based in Kansas City, Missouri, and has four factories — in Kansas, Texas and Colorado.

It has about 2,700 employees and annual sales of around $500 million.

Posted by on July 14, 2014. Filed under Business. You can follow any responses to this entry through the RSS 2.0. You can skip to the end and leave a response. Pinging is currently not allowed.

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